secwatch.observer — SEC 8-K summary
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Issuer:     Smart Sand, Inc. (SND)
CIK:        0001529628
Form:       8-K/A
Filed at:   2022-03-09T23:59:59+00:00
Accession:  0001529628-22-000031
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smart Sand posts FY 2021 net loss $50.7M, revenue $126.6M; acquires Hi-Crush Blair mine for $6.5M
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- FY 2021 net loss $50.7M ($1.21/sh) vs net income $38.0M ($0.94/sh) in 2020; revenue $126.6M (+4% YoY).
- Q4 2021 net loss $12.2M ($0.29/sh) on revenue $35.1M; tons sold 872,000 (+42% vs Q4 2020).
- Adjusted EBITDA FY 2021 $(30.5)M vs $20.5M in 2020; Q4 2021 $(4.5)M.
- Acquired Hi-Crush Blair facility for ~$6.5M cash; 2.8M tons/yr annual capacity, unit train on CN Rail.
- Cash $25.6M at Dec 31, 2021; $14.9M undrawn on ABL credit facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529628/000152962822000031/0001529628-22-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529628/000152962822000031/snd-20220308.htm
  HTML page:      https://secwatch.observer/filing/0001529628-22-000031

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